The Nigerian Stock Market (NSE)has opened the trading week on positive sentiment regaining nearly N34 billion from more than N240 billion lost during the trading session last week.
The market capitalisation appreciated by N33.99 billion or 20,612.48 higher than the 20, 578.49 recorded on Friday.
The All Share Index also appreciated by 0.17% or 64.9 basis points to close at 39,396.51 as against Friday’s 39, 331.61.
The 0.17 percent rebound on the market main index was largely driven by gains from Lafarge, Adova and Onado. It also had significant impact from industrial goods as well as the oil and gas sector.
At the end of the day’s trading 26 stocks appreciated relative to 15 decliners.
Adova led the gainers list with a 10% increase on its share price to close at N14.85 kobo per share followed by Linkage Assurance Plc with another 10% increase to close at N0.55 kobo per share while Champion Breweries Plc had 9.52 % to close at N1.84 kobo per share.
Meyer Plc on the other hand led the lover’s chart with -10% decrease on it share price to close at N0.45 kobo per share. Livestock followed by -9.87% loss to close at N2.01 kobo per while SCOA Nigeria Plc 9.85% to close at N2.38 kobo per share.
The volume of equities traded at the end of the stood at 297, 26 million units of shares in 4,655 deals which was largely driven by shares of Zenith Bank Plc and FBN Holdings Plc.
Suzan O
